What makes a contract different from an agreement?

-A contract is legally binding.

-Both parties must agree on a contract.

-Only agreements are written down.

-There is no difference between an agreement and a contract.

The subject building was reported to cost $4,560,000 when it was built 11 years ago. The comparative multiplier for the subject's area in the year of construction was 1.5656.

Marigold Company must decide whether to make or buy some of its components. The costs of producing 60,200 switches for its generators are as follows.

A business chartered by a state that legally operates as a separate entity from the owner (s) is called

Budweiser is well known for the use of humor in its ad campaigns for Bud Light beer. Based on the use of humor in advertising for beer, does Budweiser believe that beer is a high-involvement or low-involvement purchase for most consumers?

It is the end of the year but not the end of the pay period. How will this affect the balance sheet? Question options: This has no effect on the period-end balance sheet. Liabilities will be increased. Owner's equity will be increased.

Maxim County just completed construction of a new town hall to be used for its government offices. The employees have moved in and the new building is officially in use.

A perfectly elastic demand curve a. Is a horizontal line parallel to the x axis b. Has an elasticity of demand between 0 and 1 c. Is the demand curve of a product that usually has no substitutes d. None of the above

Matt broderick company began operations on january 2, 2013. it employs 9 individuals who work 8-hour days and are paid hourly

Specialization is important in an economy because it leads to which important economic concept? allocation of resources price ceilings government regulation voluntary exchange

If Kevin makes $7.75 an hour and works 45 hours, what is his gross pay? A. $338.75 B. $318.75 C. $348.75 D. $315.75